Truckee-Tahoe experienced astounding and record breaking sales volume for the first quarter of 2021! Whether escaping the dense city lifestyle for the relaxed and laid back vibe of our mountain and lake communities – or deciding to move full time to experience a different quality of life – consumers decided Truckee and Lake Tahoe are the places to live! The term “vacation property” has morphed into “second home” and the influx of full time residents is significant.
Q1 demonstrated limited inventory with an oversupply of buyers causing prices to move upward quickly. All neighborhoods demonstrated increased pricing and sales volume with Buyer’s still enjoying low interest rates and a robust economy. We anticipate this trend to continue throughout 2021.
We have highlighted the following Truckee neighborhoods and surrounding areas including Tahoe Donner, Gray’s Crossing, Old Greenwood, Lahontan, Martis Camp, Northstar, Schaffer’s Mill, Donner Lake, Donner Summit, Glenshire, Sierra Meadows, Prosser and Sierra County.
The North and West Shore data includes the following neighborhoods and areas – North Shore, Squaw Valley, Alpine Meadows and West Shore lakefront, home and condominium sales.
Net-net, the Truckee-Tahoe real estate market is HOT!
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